Cyprus's trade deficit rose 14.8 percent to 248.2 million pounds ($378.5 million) year-on-year in February on flat exports and higher imports, the statistics service said on Thursday, May 17.

By February, the island had imported goods worth 336.8 million pounds and exported goods worth 88.6 million, mainly industrial products. The same time a year ago imports were worth 306.5 million and exports worth 90.4 million pounds.

The European Union supplied more than half the imports, and absorbed some 51.2 percent of exports. ― (Reuters, Nicosia)